China Responds to U.S.-Led Naval Exercises with New Military …
WEB1 day ago · China has consistently pressed its claims over the South China Sea and the Taiwan Strait, leading to frequent confrontations with U.S. and allied forces. Australian Foreign Minister Penny Wong, speaking at the United Nations General Assembly, reiterated Australia's position that peace and stability in the South China Sea are crucial.
Business Times - Business & Financial News, China & International ...
WEBThe U.S. Department of the Treasury revealed that, as of last Friday, the federal debt has surpassed $34 trillion, setting a new record. This amount equals 1.2 times the U.S. GDP. Moreover, this milestone was reached faster than expected. The Congressional Budget Office had forecasted this debt level wouldn't be hit until the fiscal year 2029.
China to Unveil $284 Billion Bond Issuance in Major Push to Revive ...
WEB3 days ago · China is set to issue $284 billion in special sovereign bonds this year, marking a significant move aimed at reviving its sluggish economy and countering deflationary pressures. According to Reuters, the Ministry of Finance (MOF) plans to issue two separate tranches of sovereign bonds: one for 1 trillion yuan ($142 billion) to stimulate ...
Boeing Strike Enters Third Week, No Contract in Sight as Workers …
WEB2 days ago · The machinists' union members will start receiving strike pay in the third week of the strike, with union members receiving $250 per week until a new contract is reached. Much of that strike pay comes from the IAM Grand Lodge, with an additional $50 provided by District 751. As federal mediation continues, Boeing workers have garnered support ...
Fed’s Preferred Inflation Measure Signals Cooling Price Pressures ...
WEB2 days ago · According to the Commerce Department's report released on Friday, the personal consumption expenditures (PCE) price index, a key inflation gauge preferred by the Fed, increased by just 0.1% in August. On an annual basis, the inflation rate now stands at 2.2%, down from 2.5% in July, marking the lowest inflation reading since February 2021.
Congress Averts Shutdown but Faces December Showdown Over …
WEB3 days ago · As the U.S. Congress narrowly avoided a government shutdown this week, lawmakers now face the prospect of another looming funding crisis just before the Christmas holiday. The stopgap measure passed by both the House and Senate on Wednesday will keep federal operations running through Dec. 20, but it sets the stage for a potential budget showdown during the final weeks of the year.
Harris Draws Ire Over Call to Move Beyond ‘Failed Policies,’ …
WEB3 days ago · Podcaster Stephen L. Miller observed, "Quite the optics today as Harris is out saying we need to move past failed policies while the old man is on The View saying he delegated everything to her in his administration." Harris also took the opportunity during her address to criticize her 2024 opponent, calling former President Donald Trump "one ...
Congress Averts Government Shutdown with Temporary Funding …
WEBSep 23, 2024 · Congress reached a deal on Sunday to extend government funding through December 20. In a move to stave off a politically disastrous government shutdown just weeks before the 2024 presidential election, Congress reached a deal on Sunday to extend government funding through December 20.
Fed Cuts Interest Rates by Half Point Amid Growing Concerns …
WEBSep 18, 2024 · On Wednesday, the central bank slashed the federal funds rate by 50 basis points, bringing it to a range of 4.75% to 5%. This aggressive move marks the beginning of what could be a series of rate cuts aimed at stabilizing the economy amid growing concerns about slowing job growth and softening inflation. The rate cut, which impacts short-term ...
Government Shutdown Looms as Congress Faces Partisan …
WEBSep 10, 2024 · The Republican-led House, under the influence of Trump and the party's right-wing members, has proposed a CR that would extend funding through March 28, 2025. This measure is tied to the SAVE Act, a GOP-led bill that seeks to overhaul voting laws nationwide by requiring proof of citizenship …
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